NEW DELHI : Amid volatility in crude oil rates, the prices of petrol and diesel today rose once again in India. Petrol rates increased by 15 paise a litre while diesel rates shot up by 10 paise per litre. Petrol price reached ₹80 per litre in Mumbai, where it is already at year-high levels.
Petrol priced in Delhi, Kolkata, Mumbai and Chennai were ₹74.43 a litre, ₹77.03, ₹80.00, ₹77.28, respectively, while the diesel rates were ₹67.24, ₹69.66, ₹70.55 and ₹71.09, respectively.
The maximum surge was recorded in Maharashtra’s Parbhani where the price of petrol was ₹81.93 per litre and diesel ₹71.31 a litre.
The recent surge in petrol, diesel prices began from September 17 as a direct effect of the drone attacks on Saudi Arabia’s oil facilities. Since then, the prices have been on the rise everyday. Petrol price has gone up by ₹2.26 a litre while that of diesel has increased by ₹1.66
In the global market, WTI futures were down 3.3% so far for the week, marking the largest weekly loss in 10 weeks, while Brent was down 3.2% on the week, its largest weekly loss in seven.
Brent crude futures fell 49 cents, or 0.8%, from the previous session’s close to $62.25 a barrel by 0603 GMT. US West Texas Intermediate (WTI) crude futures fell 23 cents, or 0.4%, to $56.18 a barrel.